Internal Migration in the United States: A Comprehensive Comparative Assessment of the Consumer Credit Panel Jack DeWaard†, Janna E. Johnson, and Stephan D. Whitaker University of Minnesota November 6, 2018 Working Paper No. 2018-5 https://doi.org/10.18128/MPC2018-5 †Address correspondence to Jack DeWaard, University of Minnesota, Minnesota Population Center, 50 Willey Hall, 225 19th Ave S., Minneapolis, MN 55455 (email:
[email protected]). Support for this work was provided by the Minnesota Population Center at the University of Minnesota (P2C HD041023). Internal migration in the United States: A Comprehensive Comparative Assessment of the Consumer Credit Panel Jack DeWaard1,2 • Janna E. Johnson2,3 • Stephan D. Whitaker4 November 6, 2018 ABSTRACT We introduce and provide the first comprehensive comparative assessment of the Federal Reserve Bank of New York Consumer Credit Panel (CCP) to demonstrate the utility and unique advantages of these data for research on internal migration in the United States. Relative to other data sources on U.S. internal migration, the CCP permits highly detailed cross-sectional and longitudinal analyses of migration, both temporally and geographically. After introducing these data, we compare cross-sectional and longitudinal estimates of migration from the CCP to similar estimates derived from the American Community Survey, the Current Population Survey, Internal Revenue Service data, the National Longitudinal Survey of Youth, the Panel Study of Income Dynamics, and the Survey of Income and Program Participation. Our results firmly establish the comparative utility and advantages of the CCP. We conclude by identifying some profitable directions for future research on U.S. internal migration using these data.